Can bitcoin be hacked?

Bitcoins are difficult to be hacked as it uses the blockchain technology. There could be security risks at different stages of the trading process; there have been instances of scams, frauds, hacks as per a report of the Federal Trade Commission (FTC) in May 2021. Moreover, cryptocurrencies are not regulated. Hence it is important that precautionary measures are followed before investing in bitcoins. You can read about the Bitcoin: Notes for UPSC Exam in the given link.

Further readings:

  1. Cryptocurrency: Definition, Advantages & Disadvantages
  2. India Report on Digital Education 2020 [UPSC Notes]

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